(Reuters) -Canal+ and MultiChoice on Monday said that all conditions to Canal+’s 35 billion rand ($2.02 billion) takeover offer for the South African TV broadcaster have been fulfilled, making the deal unconditional.
Canal+ owned 46% of MultiChoice as of September 19, with another 2.2% of shares tendered in its favour since, giving the London-listed company effective control of the TV broadcaster, the companies said.
MultiChoice implemented a reorganisation of its South African operations this month, in line with conditions laid out by South Africa’s Competition Tribunal in July to approve the takeover.
($1 = 17.3354 rand)
(Reporting by Raechel Thankam Job in Bengaluru; Editing by Mrigank Dhaniwala)
